mortgage assessment, the guide to help you qualify for your mortgage
Higher home prices & higher interest rates What people looking to be homebuyers can expect from the current home market headlines in the mass media? Now that higher home prices & higher interest rates (slightly) than last year’s are becoming rout news, and while the Bank of Canada has kept interest rates with no changes (for now), some people…
Automatic mortgage renewal Be wise and observe the terms and amortization payments schedule in your mortgage to see how much you can save with your educated decision, rather than just the standard or automatic mortgage renewal from your lender. When you choose to renew on a yearly basis, you are also choosing to be subject…
Home buying step-by-step. All you need to know to help you make smart home buying decisions from start to finish, prepared by Canada Mortgage and Housing Corporation (CMHC). Is Homeownership Right for You? Are You Financially Ready? Which Home is Right for You? The Buying Process Now That You’re a Homeowner May I help you…
down-payment from RRSP’s If you as a first-time home-buyer are planning to buy your home this year and are facing the question of where will you get the down payment from? This article is for you. One can only admit that the advantages given, by the Government of Canada when it comes to promoting homeownership are…
RRSP deadline is approaching and with that the opportunity to receive a higher tax return after filing your taxes, return that you can use towards the down payment to purchase your home when you are a first-time homebuyer. Don’t miss this opportunity. If you are currently employed and renting you should pay special interest in this…
To buy or to rent a 300K home? The following is a dilemma that many new home buyers face, so, if you are one, this information may help you make an educated decision and perhaps get rid of procrastination (at least in regards to home buying) Scenario: To buy or to rent a 300K home? If…
Be prepared for your mortgage Anticipating for your coming mortgage renewal, refinancing or home purchase will always pay off, it’s a smart decision and an excellent financial practice. Since you are not in control of all the factors that affect your future transaction, it is most convenience to stay ahead of the curve. Unless you…
Financial character Financial character is the mental and moral group of qualities presented by an individual in regards to his/her behaviors when it comes to his/her financial agreements. Your credit score may not be good enough to qualify for a mortgage! Your high income may not be sufficient to qualify for a mortgage! Have you suffer…
Economists officially define a recession as two consecutive quarters of negative growth in gross domestic product (GDP). This is a significant decline in economic activity spread across the entire country. A short analysis of how recession might affect our families and the positive perspective at the end of all But, how does affect you as…
The following are some of the costs that a home buyer should consider when purchasing a property One of the reasons why some people are hesitant to purchase a new home may be because they don’t know of the extra expenses they’ll go into after the purchase of the property Knowledge is power, and you can learn…
Simply put in regards to Canadians household debt; In average we currently owe 162.6 percent of every disposable dollar, that means from every dollar after available after taxes and mandatory charges. This has been attributed in part to record low-interest rates that may have been seeing as an invitation to get into debt by…
It may be the difficulty of moving out of a comfort zone the reason why many people are still renting, and my comfort zone I don’t mean a geographic zone, but a mindset zone. There is without question a great deal of people that are committed to paying the same amount of money as a…
Home sale prices in Ontario Is it really worth it to buy a house? That is a question that some renters that I have come across with have or had, like John and Sue (not real names) from Toronto, who were renting because they never thought that they could buy a house considering their financial…
